Our electricity segment faced especially intense competition in the 2005/06 financial year. We nevertheless succeeded in increasing our sales by 10% to Euro 1,069 million. The MVV Energie AG parent company accounted for 71% of this total, with 29% attributable to our municipal utility shareholdings. With a 47% share of overall sales, the supply of electricity is the most important business segment in our group of companies in terms of sales.
As announced at the beginning of 2006, MVV Energie AG did not increase its electricity rates any more before the end of the 2005/06 financial year in spite of a further rise in procurement costs. This competitive pricing policy enables us to strengthen our position in the market for private customers.
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